without altering the bottom line. Whether or not line-item transfers are permitted depends on how the budget is presented (i.e., its format) and what level of budget detail town meeting approves. Revenue allocated by the state to cities, towns, and regional school districts. Estimates of local aid are transmitted to cities, towns, and districts annually by the Cherry Sheets. Most Cherry Sheet aid programs are considered general fund revenues and may be spent for any purpose, subject to appropriation. Locally generated revenues other than real and personal property taxes. Examples include motor vehicle excise, investment income, hotel/motel tax, fees, rentals, and charges. Payments rendered to staff members for reaching specific years of service. Minimum years of service required to receive these payments is dependent upon staff Unit, their union, and Collective Bargaining Agreement A student enrolled for full time attendance in a public school who is eligible for free or reduced cost lunches under eligibility guidelines set by the federal government under 42 USC 1758.
Local Aid
Local Receipts
Longevity
Low Income Student
Maintenance of Effort (MOE) Budget Massachusetts Association of School Business Officials (MASBO)
The projected cost in the next fiscal year of maintaining the level of operations that will exist at the end of the current fiscal year
An affiliate of the Association of School Business Officials International (ASBO), MASBO is a 502(c)3 professional association that aims to enhance the competence and knowledge of financial and operational professionals in public schools and municipalities. A certification and designation program for public officials responsible for municipal procurements in Massachusetts. The Assistant Superintendent for Finance and Operations is the district’s Chief Procurement Officer and holds the MCPPO certification.
Massachusetts Certified Public Procurement Official (MCPPO)
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